Some homes simply check the boxes. This one checks them all and then takes you outside to a backyard that makes every single day feel like a vacation. From the moment you arrive, a full front porch welcomes you with the kind of unhurried charm that instantly feels like home. Step inside to the foyer flanked by a study with French doors. Work from home comfortably or put your own spin on this flex space! The layout flows naturally toward the generously sized living room which is anchored by a gas fireplace framed by built-ins with room for both your favorite books and your most treasured memories. Just beyond, the dining area wraps around a beautiful bay window with views of the sparkling pool, so even breakfast feels like a moment worth savoring. The kitchen is as functional as it is beautiful, featuring crisp white cabinetry, gleaming granite counters and a full stainless appliance package. A conveniently placed laundry room just off the garage entry keeps everyday running smoothly and quietly in the background. Upstairs, the oversized primary suite is a lovely escape. Bathed in natural light, it features a generous walk-in closet and ensuite bath. A garden tub crowned by a chandelier, a separate shower, an oversized double-sink vanity and a private water closet make this the kind of space where stress goes to disappear. A bonus flex space upstairs, currently a beloved library, could just as easily become a second home office, a homework haven or a cozy sanctuary for your furry family members. Two additional bedrooms offer comfort and privacy for everyone, and a massive bonus room rounds out the upper level with the flexibility to serve as a fourth bedroom, media room or playroom. The possibilities are genuinely endless. But the real magic is outside. The covered porch spills onto an expansive patio designed for the way you actually want to live, whether that means dining al fresco, relaxing in the shade or cheering on your favorite sports team while you man the grill. All of it wraps around a stunning inground pool with a water feature and built-in seating that transforms your backyard into a private resort. Summer entertaining, spontaneous evening swims, lazy Sunday afternoons; this is where your best memories will be made. The only question is how soon you can move in and start enjoying it?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
